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Alpha Bank's NII at 1.65 bln in 2023, rising by 41 pct
EconomyBankingAlpha Bank reported a net profit of 611 million euros in 2023, compared to a profit of 368 million euros in 2022. Normalised profit after tax for 2023 was 780 million euros, from 398 million in 2022, a rise of 96 percent. Core pre-provision income (PPI) in 2023 was 1.25 billion euros, from 717
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Construction shows first signs of recovery in 2025 as building activity rises 31.6 pct YoY in May
EconomyMacroeconomyin Attica (611), in line with the historical trend, and the smallest number of permits were issued
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Greece steps up effort to bolster relations with Iran
PoliticsForeign Policyprogram with the West, which will lead to the end of sanctions against Tehran. Bridging role The Greek government aims to play a “bridging” role between Iran and the EU and with the West in general... and the West is a rather ambitious taking into account the size of the country and the fact
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Opinion split in Athens over best outcome in Turkish elections
PoliticsForeign Policygovernment would “reconsider its approach toward the West.” Mitsotakis added that he is willing to speak... towards authoritarianism and away from the West, the stasis in Greek-Turkish relations will be prolonged. Those who subscribe to this belief are concerned, though, that if Turkey moves towards the West
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From nice story to pulped fiction: Carney delivers reality check on rules-based order
Agoramany in the West clung to the idea of a prevailing liberal democratic order - even as the Iraq war... of the West hardened by the Iraq war, set Russia on a path to challenge the concept of a rules‑based order. Even after Crimea’s annexation in 2014, many in the West refused to acknowledge that the construct
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Watchdog's ruling in voter email leak prompts opposition calls for minister to resign
PoliticsGreek Politicson the Interior Ministry in connection to the leaked emails. They were found to have breached data... the time of the national elections. Someone from the Interior Ministry, who has not been identified... for the European Parliament elections next month. Interior Minister Niki Kerameus has stressed
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Greece changes banks' DTA conversion law to secure ECB/EBA approval
EconomyΤhe Finance Ministry (MoF) tabled on Wednesday night an amendment to the legal framework which allows the conversion of the deferred tax asset (DTA) to a tax credit (DTC), following a relevant... reportedly approved. a) Τhe new legislation is optional for the banks and requires approval from
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Greek industrial turnover posts rise of 1.8 pct in September after earlier drop
EconomyMacroeconomyΤhe Turnover Index in Industry rose by 1.8 percent in September following an upward revised 4.1 percent drop in August, according to the Hellenic Statistical Authority (ELSTAT). Note that historical... (down 16.4 percent). Τhe Markit’s Manufacturing PMI slightly improved by 0.4 points to 48.8 in October
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Stronger rise of 4.1 pct for Greek industrial turnover in October
EconomyMacroeconomyΤhe Turnover Index in Industry increased for the second straight month in October at an accelerating pace of 4.1 percent from an upward revised 2.4 percent drop in September, according...) and wood and cork (down 17.6 percent) following suit. Τhe Markit’s Manufacturing PMI slightly improved
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Newsletter 151 -16/02/2018
to winter sales. Apartment prices fall by 0.3 pct in Q4 2017 Average price drop for the year comes to 1... to the previous quarter, apartment prices rose by 0.5 percent compared to a contraction of 0.1 percent in Q3 2017... observed in the last seven years. The drop in the nominal value of apartments in Greece came to 0.3
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